SunEdison powers up 1.8-MW solar plant in Massachusetts
Sep 22, 2014 - US solar energy company SunEdison Inc (NYSE:SUNE) said on Friday it had put on stream a 1.8-MW solar power facility in New Bedford, Massachusetts.
Boston-based BlueWave Capital LLC is SunEdison’s partner in the project, the given capacity of which is in direct current (DC). Тhe two companies collaborated in developing the scheme, arranged project financing and managed local partners to deliver engineering, procurement and construction (EPC) services.
The Sullivan Ledge photovoltaic (PV) plant was installed on a remediated landfill site owned by the City of New Bedford. The City has agreed to buy the net metering credits from the plant under a 20-year contract. According to SunEdison’s estimates, the solar facility will bring more than USD 76,000 (EUR 59,000) in cost savings to the City of New Bedford each year and USD 1.8 million over the 25 years.
The City of New Bedford aims to generate 60% of its total electricity from solar power.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.